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North Carolina Becomes First State to Pass Outright Ban on Litigation Financing
National insurance groups are hailing the signing of a new law in North Carolina, one that makes the state the first to place an outright ban on third-party funding of lawsuits. House Bill 315, signed by Gov. Josh Stein in June, “is an...
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US Cyber Insurance Market Sees Flat Premium, More Third-Party Claims Hit Loss Ratio
The U.S. cyber insurance market may be facing a time of transition as certain signs point to eventual adverse development. According to AM Best, the market’s loss ratio in 2025 increased for the second straight year to 53—the first time...
